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BUDGET SUPPORT
On the budget support facility, Finance Minister observed that the deductions for repayment by States are meant to resume in May. The Governors however requested for an extension considering the economic challenges in the States.
The Central Bank Governor explained the technical challenges involved should there be a further postponement of the deductions. The Vice President then directed that a meeting be held soon after today’s NEC where the issue would be properly considered and a decision reached.
The VP will chair the meeting and the Governors would be represented by Governor Kayode Fayemi, while the Finance Minister and the Central Bank Governor both of whom attended the meeting today will also participate.